I have the answers to this question, but I need an explanation as I do not understand the answers at all. Specifically how "N" was calculated on the 2 parts to this question and where October 19th and November 19th come from. Explanation of this entire problem is much appreciated. Thank you.

Normal No Spaong te Office if you've already bought it. L Apple CAGR Problems 1) Steve Jobs died on October 5, 2011. Although he had been sick for some time, the financial press was atwitter (no pun intended) with the question of whether Apple would survive without Steve Jobs creative genius. On that date the closing price of Apple, Inc. stock was $11.56 on a split adjusted basis. (Apple split 7:1 on June 9, 2014, and 4:1 on August 31, 2020.) On November 12, 2021, Apple stock closed at $149.99 on a split adjusted basis which means that all numbers have been adjusted for the splits over time. If you were an Apple Believer" at the time of Job's death and held on to the stock, what would be the compound annual growth rate on the price of Apple stock over that period? (Hint: First calculate "n" to at least two decimal places.) Using the Rule of 72, how long will it take for the price of Apple stock to double at the growth rate calculated above. (To one decimal place) 1 AaBbcode AaBbcode Normal AG Hooding No Spacing activate Office if you've already bought it. 2) From May 11, 1987 through November 21, 1995 Apple, Inc. paid a dividend but then stopped for almost 17 years. The company lost its competitive edge. Eventually, the company brought Steve Jobs back as chairman. In the meantime, Jobs had started a new computer company called Next which he subsequently sold and then formed PIXAR which he subsequently sold to Disney. Apple resumed paying dividends on August 9, 2012 shortly after Job's death at $.095 per share per quarter (split adjusted). Apple just paid its quarterly dividend on November 05, 2021 at $.22 per share per quarter (split adjusted). What would be the compound annual growth rate of the dividend since the dividends were resumed in 2012? (Hint: First calculate "n" to at least two decimal places.) I Using the Rule of 72, how long will it take for the price of Apple stock to double at the growth rate calculated above. (To one decimal place) es) Paste B I Format D6 Ax & fx x B D E F G H 2 1 Apple CAGR Problems 2 arli 3 Growth in Stock Price 10/5/11 11/12/21 4 SC 5 $ 11.56 $ 149.99 DO 7 8 8 10/5/11 10/4/21 10 years 10 1 Oct-19 Nov-19 27 -31-4 12 12 EV 2 39 13 14 ott 15 1 PMT 16 N 10.11 = 10 +39/365 PV (11.56) 28.9% FV $ 149.99 $ n Rule of 72 - Approx Time to Double ni= 72 n = 72/i no 2.5 years 17 tta 18 8/9/12 11/5/21 $ 0.0950 $ 0.2200 9 years 19 20 21 22 OV 1 23 Growth in Dividend 24 25 ara 26 Vo $ 27 8/9/12 28 8/8/21 29 Good 30 Aug-19 31 Sep-19 32 Oct-19 33 Nov-19 Jov 1 34 35 Scott se 37 N Appl 38 9.24 39 =9+89/365 23 =31-8 30 31 5 89 days PMT 1 PV 9.5% $ (0.0950) FV $ 0.2200 Rule of 72 - Approx Time to Double ni = 72 n = 72/1 no 7.6 years See 40 41 42 43 44 Nov 45 46 Marli 47 48 SI SC 49 Gooi 31 50 Sheet1 + Ready